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CNBC
Jan 10, 2013 1:00pm EST
obama will announce jack lew as his nominee for secretary of treasurer. he staffers believe it will be approved. analyst say the president's pick is a sign he will move forward with planned economic reforms and do so aggressively. mr. lew served as coo of nyu and worked at citigroup and served as white house office of management and budget chief and is currently white house chief of staff. apparently job one will be to work with congress to raise the borrowing limit and prevent default that could come as soon as next month. the announcement is at 1:30 p.m. eastern time. stay with "power lunch." we will take you inside the white house for all the details. ty, back to you. >> very interesting. now, of course, another major event at the wlohite house. taking place right now. vice president biden's task force making a change in the way americans buy, sell and potentially use firearms. eamon javers live at the white house. eamon? >> there are some that biden himself might not participate in. we just heard from the vice prest as he emerged from his first meeting of the day and he
LINKTV
Jan 11, 2013 8:00am PST
to become treasury secretary. thursday, obama tapped his own chief of staff jack lew to replace timothy geithner air. lew was an executive at citigroup from 2006 to 2008 at the time of the financial crisis. he served as chief operating officer of citigroup's alternative investments unit -- a group that bet on the housing market to collapse. lew has long pushed for the deregulation of wall street. from 1998 to january 2001 he headed the office of management and budget under president clinton. during that time, clinton signed into law two key laws to deregulate wall street -- the financial services modernization act of 1999 and the commodity futures monitored his asian act of 2000. on thursday, independent senator of vermont bernie sanders criticized the nomination saying -- at a press conference at the white house thursday, president obama praised the record of jack lew. >> jack has the distinction of having worked and succeeded in some of the toughest jobs in washington and private-sector. as a congressional staffer in the 1980's, he helped negotiate the deal between president reagan an
CBS
Jan 10, 2013 6:00pm EST
house chief of staff jack lew as his next secretary of the treasury. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we have more on the man and the economic agenda he has been tapped to spearhead for the next four years. >> brown: then, ray suarez gets an update on a series of bombings that killed more than 100 people in two pakistani cities today. >> woodruff: margaret warner looks into new federal guidelines for mortgage lending aimed at protecting both consumers and lenders. >> brown: we look at the tense political situation in venezuela, after the national assembly delayed the inauguration of cancer-stricken president hugo chavez. >> this is essentially a power play. behind that secrecy there is nothing but an attempt to ensure the continuity of the regime regardless of president chavez's presence. >> woodruff: and with five oscar nominations, we examine the controversy surrounding one of the most talked about new films yet to see a nationwide release; "zero dark thirty," about the hunt for osama bin laden. >> brown: that's all ahe
PBS
Jan 10, 2013 3:00pm PST
secretary of the treasury, jack lew, the man he made his chief of staff, a year ago yesterday. lew would succeed tim geithner, who drew fulsome praise from the president. >> when the history books are written tim geithner's going to go down as one of our finest secretaries of the treasury. our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. >> brown: at 57, lew is already a 30-year veteran of washington. he was a principal domestic policy advisor to house speaker tip o'neill in the 1980's, and negotiated with the reagan white house on social security and tax reform. later, he served two stints as the country's budget director, first under president clinton, then under president obama, before becoming white house chief of staff. today, in the east room of the white house, the nominee voiced his gratitude. >> thank you mr. president for your trust confidence and friendship. serving in your administration has allowed me to live out those values my parents
CNBC
Jan 10, 2013 4:00am EST
treasury secretary. jack lew is a veteran of capitol hill and of more than one big major budget negotiations which is exactly what the president is facing right now. he's somebody with a low key demeanor who gets along well with others. his confirmation is expected to be not too difficult. what he doesn't provide is a strong business background or wall street ties, although he did work for citigroup for a while and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis. but jack lew is expected to be announced today. the pecked speculation about his replacement as white house chief of staff has centered in the last 24 hours around dennis mcdonna. sources tell me that dennis mcdonough is the chief candidate. ron biden has already been a contender. wool see whether the president pairs the announcement of a new chief of staff with jack lew's appointment today. >> so jack lew seems to have the nomination locked up. danny krugman is expected to be looked go ahead at fo
FOX Business
Jan 10, 2013 11:00am EST
will nominate his chief of staff jack lew as the next treasury secretary a little more than two hours from now. connell: joining us now is from the "wall street journal." >> he will be directing economic policy for the president and he's a long-time washington insider. he worked for tip o'neil. he worked for bill clinton. he's worked on the budget for president obama. [talking over each other] >> there is a revolving door there. he did go in 09 and he came out with a lot of money despite the fact that citi bank was limping along and had to be helped out by the government. dagen: when he worked just as one example in the clinton administration he was considered reasonable but not now. why? >> i think the big part of it is how he performed when he worked for president obama in the first term. but it's also i think most people expect him to be very much like an alter ego of the president. he subscribes to the ideas that the president has, that the big problem in this country is not how to create wealth, but how to redistribute it. that's really our challenge. just have to figure out how to get th
CNBC
Jan 10, 2013 9:00am EST
in washington. jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know
FOX Business
Jan 10, 2013 4:00pm EST
in washington. and that's a huge wildcard. lori: quick follow-up. jack lew, does he change things? obviously, we know he's in favor of big government, big spending, probably face a big fight for his confirmation. jack, do you think that changes anything for your markets outlook? >> it doesn't for me. i think the biggest change we're going to see right away is just new signatures on our currency. beyond that, you know, the treasury has at least under geithner in the second term here has really sort of backed away from center stage giving, handing the baton mostly to the fed. you know, whether lew takes a more activist role, he certainly is an obama loyalist, remains to be seen. i will say, you know, there's probably a little more contention in washington surrounding jack lew than there is, perhaps, on wall street right now. ashley: all right, jack. let me bring you in -- david, i'm sorry. jack, you had, we've heard from you. let's bring in david on where investors can make money in this market. what do can you like spa why? -- and why? >> sure. well, i'll make a comment on commodities. some peopl
CNBC
Jan 10, 2013 6:00am EST
as jack lew is somebody who served as chief of staff. he was budget director before that. he served in hillary clinton's state department. he does not have a deep background and ties to wall street and business. he's a creature of congress, made his name in washington working for tip o'neal, the house speaker. very hard working, very key, very bright. republicans found him a difficult negotiators in some of the budget talks over the last couple of years, but i would expect, andrew, that he's going to be confirmed pretty handily even though he'll have difficult questions in his confirmation hearing. >> john, how disappointed -- and perhaps now, but it appears that the business community seems disappointed, if you read "the wall street journal" editorial page today. there's a sense of disappointment that the president didn't pick somebody from the business community, somebody with more experience in the world of finance private sector as joe would say. >> i understand the disappointment because they want one of theirs. but, you know, president obama wants one of his in that job. when
FOX Business
Jan 10, 2013 3:00pm EST
on the floor show today. >> thank you. cheryl: all right. president obama announcing today jack lew as his nominee for treasury secretary. rich edson is standing by at the white house with the latest including the slew of comments about lou, if you will. rich? >> reporter: that's right, plenty of that already, cheryl. it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the white house is basically saying that's why they chose him, the mastery of the federal budget. >> jack knows that every number on a page, every dollar we budget, every decision we make has to be an expression of who we wish to be as a nation. our values. the values that say everybody gets a
CSPAN
Jan 11, 2013 7:00am EST
made by the financial crisis and the housing industry. this comes as jack lew will become the next person to be nominated into that position. we want to talk to you about timothy geithner, his legacy, his time served as the treasury secretary, and your thoughts on what he has done or not done depending on your opinion. here is how you can join us this morning. you can give us a call -- if you want to send us a twet -- @cspanwj facebook.com/cspan this is how "the new york times"highlights some of his accomplishments. it says here -- that is "the new york times." prefers to 45, your thoughts on timothy geithner as the secretary treasury. -- for the first 45 minutes, your thoughts on timothy geithner as secretary treasury. more from "the new york times." they continue to write that housing is another area his leadership has been criticized. one more bit from "the new york times." although he is mostly known for his work in the financial crisis, he is also the same minister. to europe and the debt crisis and spending hundreds of hours working. that is a bit from "the new york times." j
Current
Jan 10, 2013 8:00pm PST
conference. unfortunately, i don't like jack lew's record. he used to work for citi group. guess what happened after the bailout? he got a $950,000 bonus. there is some issues. the bigger substancive issues, what is his view on bank reregulation that has caused so much problems. yesterday, president obama was very clear on deregulation. watch. >> 21 times just this year, john mccain has said we need to deregulate the financial industry right at a time when we know that it's because of deregulation that wall street was able to engage in the kind of irresponsible actions that have caused this financial crisis. >> cenk: very clear but when jack lew was asked during his original confirmation for manager and budget, here's what he said about deregulation. >> my sense is as someone who has generally been familiar with these trends is that the problems in the financial industry preceded deregulation, but don't believe that deregulation was the proximate cause. >> cenk: that is preposterous. only a million% wrong. how could anybody think that deregulation didn't have to do with the destructio
FOX News
Jan 10, 2013 2:00pm PST
obama nominated jack lew to be his next treasury secretary. the third white male in a row selected by the president for position in his cabinet. where are the women? and the minoritys? in the cabinet of our liberal president? here is a congressman charles rangel thinks about that situation. >> it's embarrassing as hell. it could be the harvard people where people just know each other, trust each other and women and minorities don't get a chance to rub elbows. he had four years to work the bench. >> kimberly: "new york times" ran this photo showing the president with a group of all white men advising him in the oval office. the white house quickly snatched it and relesioned this 4info instead that has a much more diverse crowd of advisors. i'm with him on this. where are the women? where are the minoritys? they make every place better, right? >> bob: i'm a minority every day. >> kimberly: do you need a hug? >> eric: we have three smart women. greg got a flu shot. he has the flu. >> dana: but he has had it for three weeks. >> kimberly: another flu sandwich on top of it. >> eric: i am
CNN
Jan 11, 2013 2:00am PST
suit. >> i think it's great. >> agree. eight minutes after the hour. and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yester
CNBC
Jan 10, 2013 4:00pm EST
for some solutions and what might work, did you find any encouragement in the nominating of jack lew to this very important post of treasury secretary today? >> he does not remind me of alexander hamilton. >> that's all you're going to say? >> that's all i'm going to say. i'll give him a chance to be alexander hamilton. >> but why not? >>y in secretary of the debt would be to, first of all, talk in english in our problems and secondly to understand that the -- the revenues put nort so far have been all political and rhetorical, and what we want is the stern stuff of a monastery -- a monetary approach. we want a dollar in exchange for something tangible. and that's gold bouillon. we've not had that for the past -- well, since 1971, about 0-odd years, and what we need is at least a discussion about the nature of our monetary problem that really is a fundamental source of our fiscal problem. >> why would that work going back to gold bouillon? >> because there's only so much gold and can only be so many dollars. >> there's a limited amount, a limited supply. >> you don't have to rely on
FOX Business
Jan 8, 2013 11:00am EST
that jack lew would be the new name and gilet near would be out. it's months of reporting. seems to me the president knew a long time ago jack would be the guy. at the same time, it's surprising he would take on a fight like this with congress with when he has the chuck ha golf course e -- chuck hagel fight as well. it's like he doesn't care what republicans or nip thinks in washington and does what he wants. >> i don't see a fight with jack. he's not popular with republicans, that's true, but the other side focuses the fire on one main target, and other people get less, and i think the fire is going to be devoted to, pointed at chuck as you suggest. i think that jack lew, is not wildly popular among republicans is respected as somebody to used to run the budget office and who spent a lot of time in the career up on capitol hill working as a congressional staffer. he knows the place. he'll be owing in the nomination struggle, not unanimous consent or a love fest, but he'll be fine. cheryl: interesting. we'll continue to get your take on all things drk. thank you. >> sure, happy to be w
CNBC
Jan 11, 2013 4:00am EST
dominant position. >>> barack obama officially nominated jack lew to replace timothy geithner overnight. speaking from the east room of the white house, the president made it clear just why he made this move for the post. >> over the past year, i've sought jack's advice on virtually every decision i've made from economic policy to foreign policy. and one reason jack has been so ekive in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. and and to hear who has been nominated for obama's cabinet, senator john kerry to replace hillary clinton as secretary of state, jack lew to replace timothy geithner and chuck hagel to as secretary of defense. tinny, good to see you. happy new year. >> happy new year to you, too. >> nice to see you. what do you make of the reshuffle? >> well, they are not surprising choices. there's a lot of discussion about whether obama's second term means changes or continuity. i'd use another key term which is consolidation. i think his cabinet are loyalists and insiders. they'll help move forw
FOX Business
Jan 11, 2013 9:20am EST
want to bring up the subject of treasury secretary designate, nominee, that would be, jack lew, a lot of fanfare and applause and most likely gets confirmed, that's an opinion. i say, let's start with you, carol, on this one, i say it makes absolutely no difference to president obama's economic policy. which is tax the rich, do not cut spending and ignore the debt. first to you, carol. >> i think that's right. obviously, jack lew has been president obama's right-hand man and one of the reasons put out for his nomination is that he understands the mechanics of budgets. however, if we look back at the budgets over the past, whether it be four years, decade or even further, there hasn't been a balanced budget, so whether he understands the mechanics or not, it's still not solving our problems. as treasury secretary, he's sitting over the irs and the national debt unless we get some meaningful change here, which i do not anticipate, i feel like this nomination's not going to make a whole lot of difference. stuart: carol, i'm very glad you agree with me and sure that kirsten will agree wit
KICU
Jan 9, 2013 4:00am PST
to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. now for an early look at how alcoa's earnings could affect today's trading. larry shover of sfg alternatives joins us. and what do you think here larry? > > yesterday's number was good. most people weren't expecting them to beat on revenue. but they beat by quite a bit. people were maybe thinking earnings per share, that could be better. but that is a good thing for the market, a good thing for the materials sector. i think it is going to give a lot of confidence going forward. > the stock market pulled back yesterday. should investors be concerned about that, or is it just one of those things that has to happen here? > > let's look at what happened. we had a gigantic rally january 2nd. right now we are just digesting and consolidating those gains. we are seeing correlations break down, which means certain groups are doing better than othe
FOX Business
Jan 9, 2013 4:00pm EST
. it will be interesting to see how valerie jarrett meshes with jack lew. another story we had had first here on fox business. ashley: aig. >> why did they say no to hank greenberg? there are many reasons why. i'm getting this from inside the company. they were not going to join this lawsuit earlier today. it was, it is so obvious. aig right now is applying to be about is known as a sieve if i firm. ive if i firm. system i financially important firm. systemmally important financial institution they are applying for that. guess who you don't sue. ashley: the federal government. >> this was a nonstarter from the minute they looked eight. should also point out another reason why, they have an ad campaign where they basically talk about how they're thanking the american tax pay fore --. ashley: turning around and suing the taxpayers essentially. >> those two things. systematically important issue made it dead on arrival. why are they taking it up? what they're saying internally and what they told me as we were reporting this out this morning this is perfunctory. hank greenberg is suing federal governmen
CNBC
Jan 11, 2013 9:00am EST
out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals in place. but ultimately, he probably thought that some of these things would come off and be declining faster than they have. we've learned a lot about the financial crisis. in fact, we're going to be debating the correct government res
CSPAN
Jan 10, 2013 1:00pm EST
live to the white house. president obama is set to name jack lew as the next treasury secretary, becoming the 76 to treasury secretary so far. so far only one republican has come not in opposition. we will hear from the president and likely jack lew as well. vice president joe biden continues meetings on the gun violence task force coming hearing from walnut -- wildlife interest groups this morning. he is doing a widespread review of the safety laws. he will be meeting in about half an hour with the national rifle association. president obama has set a late january deadline for vice- president biden's proposals. before the meeting got under way, he spoke to reporters for about 15 minutes. >> let me thank you all for being here. you represent the bulk of sportsmen in this country, and you all know this is a complicated issue. there is no singular solution to how we deal with the kind of things that happen in new town or colorado or the general gun violence in america today. the president and i and the cabinet, we understand it is a complicated issue. that is why when the presiden
CNBC
Jan 10, 2013 5:00pm EST
on social security is that the president wants to sitdown and talk about it. assuming jack lew is confirmed, as this country's new treasury secretary, i would imagine he would have to get more realistic as to where the cuts need to come from. the only way to truly get a handle on the $16 trillion in debt this country faces and the $1 trillion plus in deficits that we face year after year, officials must tell the truth about the situation. jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you tomorrow. but first, stay with cnbc. here's "fast money," it begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. banking o
FOX News
Jan 8, 2013 8:00am PST
of who is going to be in the president's cabinet. jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i have no other annou
CSPAN
Jan 10, 2013 12:00pm EST
a few minutes. media sources are saying it's white house chief of staff jack lew to replace outgoing treasury secretary tim geithner. you can see live coverage on the companion network, c-span. this week at six eastern on c-span2 we are featuring past programs to read to the supreme court justice antonin scalia on the book making your case the art of persuading judges and gives advice to lawyers on presenting oral argument. then at seven eastern it's another programs to convert >> back in the private student lending markets. you saw a lot of families who were not necessarily going to the colleges and another student was going to say in music school i wrote an article about a gardiner who said his son to college, the first in the family to go to college. the dad made about $21,000 a year in family income and he was able to borrow 6 feet to six figures for his son. there was no underwriting. and this lender by the way settled with the attorney general's office because i don't know if you remember, it was called the preferred lender list where the lender's word in some cases accused of
CNN
Jan 6, 2013 2:00pm PST
should, have a relatively easy ride through its confirmation process. white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? to get our adt security system. and one really big reason -- the house next door. our neighbor's house was broken into. luckily, her family wasn't there, but what if this happened here? what if our girl
CSPAN
Jan 9, 2013 12:00pm EST
president obama tapped current white house chief of staff jack lew to take the place of tim geithner, and we expect that announcement tomorrow. jay carney likely to get questions about that today at the white house briefing set to start at 2:15 eastern now, and it will be live here on c-span2 live coverage, a discussion on this year's budget battle from today's "washington journal." >> host: back at the table is the president of club for growth, talking about the republican agenda for the 113th congress. let me show our viewers the "washington times" from mondays and the headline, g.o.p. shut down and sanity jolt as a way to press need for cuts." when it comes to the next budget battles ahead, republican senators, ted cruz, and others, laying the ground work. are you part of the effort or consulting with them on this? what do you think about it? >> guest: we supported people like cruz and others champions of economic freedom in the senate and other house members. we do that because we want fiscal sanity in washington. we endorse people at the club for growth we think hold a pro-growth view,
CNBC
Jan 11, 2013 6:00am EST
general of the united states. we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that. >> how can it be worse? >> actually our cliff bill was an absolute embarrassment to the united states of america. let me clarify. if we had gone over the cliff, it would have been an "f." and a total failure of our system. but when you analyze the bill, it was an "f" on spending. we actually increased spending. we didn't reduce 13e7bding. we increased spending. >> all the democrats tell me that there was already a trillion dollars of spending cuts that -- i didn't -- >> that was from august 2011. okay, but what i'm saying is, if you just look at this bill in isolation,
CNBC
Jan 11, 2013 3:00pm EST
january 25th. unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has been very successful in getting geithner to do things he hasn't wanted to, like stay on treasury for an extra year or two and geitner has been
CNN
Jan 4, 2013 8:00am PST
chenault plans to continue at american express. so, you can essentially scratch him off the list. jack lew who is the current chief of staff at the white house, is on the list for that job. and then finally the cia, john brennan, the president's adviser for homeland security, is on the short list, michael morell who is the acting director of the cia also on the list. so, the president has some important key positions to fill, and, again, we expect that that could start rolling out as early as next week, ashleigh. >> okay, dan. i hope you get some sunshine while you're there at least a little bit. dan lothian live for us. >> reporter: i hope so, too. >> in hawaii. it's a good assignment, you got to admit. >>> i want to take everybody to the big board, this is cold new york, and the dow is reading up a wee bit perhaps sense christine romans' report the dow reacted nicely, but we're at least out of negative territory albeit by just a fraction. i'll take you live to the new york stock exchange a little later on in this hour. >>> so, we've been hearing all along that former arizona congresswoma
FOX Business
Jan 9, 2013 11:00am EST
is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of financial conditions of this country and lay out a plan that can be analyzed and studied it will hold up under scrutiny. they haven't done that from the white house yet. he has had a failure to lead. speaking of the republican complaint, difficult to work with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he did that. thank you. dennis: a billion smart phones can b
CSPAN
Jan 10, 2013 9:00am EST
of staff jack lew. he would replace treasury secretary tim geithner. that announcement is set for 1:30 eastern today. c-span will have live coverage. all this week at 6 eastern here on c-span2 we're featuring past q&a programsment today it's supreme court justice antonin scalia on his book, "making your case: the art of persuading judges." it gives advice to lawyers. and then at 7 eastern, it's another q&a program, a conversation with neil barofsky. he's written a book called "bailout: an inside account of how washington abandoned main street while rescuing wall street." >> back in the heyday of the private student lending market, um, you saw a lot of families who weren't necessarily going to for-profit colleges. you know, their student was going to, say, a music school. i wrote an article about a gardener who sent his son to college, you know, the first in the family to go to college. he made about -- the dad made about $21,000 a year. that was family income. and he was able to borrow six figures from a private student lender for his son. and, i mean, there just was no underwriting
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